Coriander, jeera up as acreage seen falling.

Futures contracts of spices ended on a mixed note on domestic exchanges. Contracts of coriander ended over 1% higher on the National Commodity and Derivatives Exchange as acreage in 2018-19 (Oct-Sep) is likely to halve due to weak prices throughout the year. As farmers did not get good returns in the past two seasons by cultivating dhaniya (coriander), they may shift to other remunerative crop. Futures contracts of jeera rose on expectation of a decline in acreage this year following deficient rains in growing regions of Saurashtra and Kutch in Gujarat. Jeera futures (November) is likely to show an upside momentum and test 19,500-19,650 (rupees per 100 kg) levels.